Top 5 Coins Surge After Market Recovery News
Five projects—Conflux (CFX), Mask Network (MASK), Stacks (STX), MAGIC (MAGIC), and Fantom (FTM)—have shown impressive gains following the latest market recovery news, with Bitcoin bouncing back to $28,000.
Top 5 Coins Surge After Market Recovery News
This past weekend, the crypto market experienced a steady rebound, with Bitcoin surpassing the $28,000 mark on the evening of March 19. This is the highest BTC price since early June 2022.
In line with this upward trend, here are the top 5 projects that have seen the most significant gains over the past week:
Conflux (CFX): +197%
CFX Price Trends Over the Last 7 Days, Screenshot from CoinMarketCap at 12:15 PM, March 20, 2023
With a remarkable 197% increase over the past week and a 174.88% rise over the past month, Conflux (CFX) stands out as the project with the most notable growth, far outpacing Bitcoin’s 30% recovery. CFX is currently trading at $0.43, marking a 10% gain in the last 24 hours.
Conflux operates as a layer-1 blockchain with a Proof-of-Work consensus mechanism. Founded in 2018, the project aims to tackle persistent challenges such as scalability, interoperability, decentralization, and security.
In January and February, Conflux secured significant partnerships with "China's Instagram" and China Telecom.
Mask Network (MASK): +129%
MASK Price Trends Over the Last 7 Days, Screenshot from CoinMarketCap at 12:15 PM, March 20, 2023
Mask Network (MASK) has also experienced a notable surge, with a 129% increase over the week and a 58.65% rise over the past month. MASK currently has a market cap of $487 million, with each MASK token priced around $5.70.
Mask Network aims to bridge users from Web 2.0 to Web 3.0. Its platform includes a decentralized, encrypted messaging application with continuous new features.
Stacks (STX): +112%
STX Price Trends Over the Last 7 Days, Screenshot from CoinMarketCap at 12:15 PM, March 20, 2023
Stacks (STX) ranks third with a gain exceeding 100%. STX has surged 284.62% over the past month, trading at $1.15, although it remains 69% below its all-time high (ATH).
Stacks is an open-source blockchain featuring decentralized applications and smart contracts built on Bitcoin. To learn more about Stacks, check out our detailed article on the project.
Stacks (STX): What Is It? Can Stacks Unlock Bitcoin’s Full Potential?
MAGIC (MAGIC): +78%
MAGIC Price Trends Over the Last 7 Days, Screenshot from CoinMarketCap at 12:15 PM, March 20, 2023
MAGIC (MAGIC) has recorded a significant 78.17% increase over the week, although it remains down 17.56% over the past month. MAGIC has a market cap of around $385 million, with a price of $1.77 at the time of writing.
Launched in 2021, MAGIC operates on Ethereum’s Arbitrum layer-2. It serves as the currency for various metaverse projects, including Trove, Smolverse, and Magicswap.
Fantom (FTM): +63%
FTM Price Trends Over the Last 7 Days, Screenshot from CoinMarketCap at 12:15 PM, March 20, 2023
Finally, Fantom (FTM) has seen a 63.34% increase over the past 7 days and an 81% rise over the last 30 days. FTM’s market cap is approximately $3.9 billion, with a price of $0.48, though it is still down 86% from its ATH.
In January 2023, Fantom launched a new product called Ecosystem Vault, enabling decentralized funding for projects within its ecosystem. Over the past year, the project has actively worked on enhancing its security infrastructure.
